NYSE to delist U.S.-listed LDK Solar shares

SAN FRANCISCO (MarketWatch) -- The New York Stock Exchange said Tuesday it will delist the American depositary shares of China-based solar company LDK Solar Co. Trading will be suspended immediately, the exchange said. Last week, following news the company had reached an agreement with some of its bondholders, the exchange had said its staff was considering the delisting. It found that LDK Solar "is no longer suitable for listing based on 'abnormally low' price indications" for its ADSs, it said. The company is seeking to restructure nearly $3 billion in debt after failing to pay a bond that matured in late February.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.